-
Crumbs Bake Shops shutters all stores
New York -- Crumbs Bake Shops on Monday closed its 48 stores. The cupcake store chain has been struggling for some time. In a May filing with the Securities and Exchange Commission, it warned that it "may be forced to curtail or cease its activities" if its operations didn't generate enough cash flow.
Last week, Nasdaq suspended the trading of Crumbs shares on the grounds that the company no longer had at least $2.5 million in shareholder equity, or met benchmarks for an annual net profit.
-
MarketPlace Development to overhaul LaGuardia stores
New York - Retail developer MarketPlace Development announced that the food and stores at LaGuardia Airport's Terminal B will receive a major overhaul in 2014. With a new terminal slated to start construction in 2015, the redevelopment will provide upgrades for the existing aging terminal, including new shops and restaurants, enhanced amenities and infrastructure upgrades for HVAC and escalators in the food courts.